Sidian Bank signs US$9m deal with Oikocredit for SME lending in Kenya

KENYA – Sidian Bank, a mid-tier bank focusing on Small and Medium Enterprises (SMEs) in Kenya has signed US$9 million deal with the Netherlands-based social impact investor, Oikocredit. The bank secured a funding deal that will enable the bank to support onward lending to the SME sector in Kenya. The funding will be utilized to support the bank’s growth plans to further its strategy of providing affordable credit to its SME clients and privately-owned business enterprises as it works towards empowering entrepreneurs to realize their potential through providing tailor-made financial…

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Impact investor Oikocredit provides US$2.72m loan to Fin’Elle for SMEs

CÔTE D’IVOIRE – Oikocredit, a social impact investor, has provided a loan of €2.3 million (US$2.72m) to Fin’Elle, a microfinance institution (MFI) focused on empowering women entrepreneurs by providing microfinance and mesofinance loans to women-owned small to medium enterprises (SMEs) in Côte d’Ivoire. Fin’Elle’s mesofinance products cater to the needs of SMEs that need a loan but would be seen as too small for commercials banks and too big for MFIs. In addition to the loan, Oikocredit plans on further supporting Fin’Elle with technical assistance to help them improve women’s…

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